Eddie Jordan and Rutgers have come to an agreement in principle for him to become the school’s next men’s basketball coach but before an announcement can be made the school’s Board of Governors has to meet, according to multiple reports.

The Lakers assistant coach and proud alum met with school officials Thursday to hammer out details of the contract, NJ.com reported, but the board wants to review the contract, reportedly over $1 million annually over six years.

The Board meeting may not take place until next week and at the earliest would be held on Saturday as there are no meetings scheduled though an emergency one can be called on 48 hours notice, the New Jersey paper stated.

The contract would make him the highest paid coach in Rutgers history, just a year before the school’s move into the powerhouse Big 10. The 58-year-old Jordan, who has coached the Kings, Wizards and 76ers in the NBA and played in the league for seven seasons, played for Rutgers from 1973-77 and was on the 1975-76 Final Four team. He also served as an assistant at Rutgers and recently coached in the D.C. Assault AAU program, giving him experience coaching at the grassroots level.

Jordan would be taking over a sinking ship, replacing fired coach Mike Rice, who was let go Apr. 3 after video of him abusing players was released. He is expected to retain assistant David Cox, who has been serving as interim head coach, a source told The Post. Another assistant, Van Macon, who has New York City ties as an assistant at Hofstra and Fordham, isn’t as certain, the source said.

While the two were on the video, they were both cleared of any wrongdoing by the university after an internal investigation.

Jordan also has to meet with University president Robert Barchi, who was in Trenton on Thursday to speak before the Assembly Budget Committee on the plan to merge the University of Medicine and Dentistry of New Jersey with Rutgers, according to the Associated Press.

While there, Barchi told the committee he has yet to sign a settlement agreement with Rice and won’t approve a severance package for the former coach. The president said the case could wind up in court, but he did say severances for former athletic director Tim Pernetti, who resigned as part of the fallout, and university attorney John Wolf have been finalized. The payouts are worth between $420,000 and $1.2 million, respectively, the AP reported.

Three players — Jerome Seagears, Vincent Garrett and Malick Kone — have asked for and received releases from their scholarships, while sophomore guard and leading scorer Eli Carter and junior forward Mike Poole are waiting on their releases. Rutgers is running out of time before having to grant the releases to Carter and Poole — Friday for Carter and Tuesday for Poole.

Top recruit Shane Rector of The Bronx de-committed once Rice was fired, as did junior college wing Chris Griffin, who recently committed to Auburn. As it stands, Rutgers has nine players on its roster, but only four of those players — Myles Mack, Kadeem Jack, Wally Judge and Derrick Randall — were in the rotation.